Virginia State Bar

An agency of the Supreme Court of Virginia

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Trusts and Estates

A Section of the Virginia State Bar.

Winter 2010 Newsletter

Newsletter - Trusts and Estates

Volume 22, No. 3

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Message from the Chair
Neal P. Brodsky, Chair, Trusts and Estates Section

The Board of Governors of the Trusts and Estates Section of the Virginia State Bar is pleased to bring you the fall 2010 issue of our newsletter.

Our first article is by Lauren Jenkins with Holland & Knight in McLean and discusses the options for modifying or terminating an irrevocable trust. Francis Dubreuil and Stacie Milam of Bernstein Global Wealth Management are the authors of our second article on GRATs and other planning opportunities available in advance of possible legislative change. Our third article, by Professor Philip Manns of Liberty University Law School, analyzes the recent Virginia Supreme Court decision in Smith v. Mountjoy on actions by an agent under a power of attorney.

Please make plans now to attend the 73rd Annual Meeting, which is being held in Virginia Beach on June 16 – 19, 2011. Our Section plans to present an update on Gift and Estate Tax Laws, and Drafting Incentive Trusts on Friday, June 17. Our speaker will be Thomas H. Campbell, Esq. with Yates, Campbell & Hoeg, LLP, in Fairfax. We will provide more details, including date and time, in our spring newsletter.

Also, please help us spread the word about April 16, 2011. This is National Healthcare Decisions Day and the goal is to improve public knowledge and to provide information and tools for the public to talk about their wishes with family, friends and healthcare providers, and execute written advance directives (healthcare power of attorney and living will) in accordance with Virginia State laws. You can find more information on this subject at http://www.vsb.org/site/public/healthcare-decisions-day/

We thank Nathan Olansen, our Newsletter Editor, and Arthur Robinson, our Assistant Newsletter Editor, for their efforts in putting together this edition of the newsletter.

If you are not a member of the Trusts and Estates Section and would like to join, please visit our section web site at http://www.vsb.org/site/sections/trustsandestates/ and download a membership application.

If you have questions or comments about this newsletter or our Section, please contact me or any other member of the Board. Our names and contact information are available on p.16 of this newsletter or on the section’s website at http://www.vsb.org/site/sections/trustsandestates/view/Board-of-Governors/.

Winter 2010 Newsletter (.pdf version)